I'm about to purchase a property for a short term rental and trying to figure out whether to hold the property in a newly formed LLC, trust or in my personal name. 

I think the most important person on your team will be the property manager.

If this does interest you please feel free to reach out!

.🤣🤣 Don't take it hard or personal, you're among friends here.

You'll want to understand what kind or notices and documents you need to get executed to either up their rent or turn the unit.Solid long term tenants are worth their weight in gold in my book so if theres a way to up the rent and keep them happy I's say thats the best route personally.

Paying Yourself (10-15% of Income)Rule of Thumb: Pay yourself 10-15% of your net income after expenses.Why: It’s important to reward yourself for your efforts and sustain your personal finances.

The property is owned in an LLC, but it's a SMLLC, so it's filed on my personal return.

After $265/mon from capex, repairs, & vacancy, i will lose $450/yr in cashflow.I feel like this is a great opportunity, but it still won't cashflow.

Note that many of the solutions out there offer 30 minute to an hour guided demos with a sales person/tech person.  

Many of them will meet in person and you never know who would will meet or learn at these groups.